Funding you earn now, next payment 04:00 UTC−0.1174%/8h= −128.6% APRnext payment −$5.87 per $10,000 · paid last 24h −0.007%
Price spread now: MEXC against BingX+0.008%7-day average +0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$910.912% of the position
Funding, last 7 days−0.007%−$1 on $10k
+Price spread, last 4 days (all we have)+0.036%+$4 · spread now +0.008%, 7d avg +0.040%
=Both sides work against this trade now: funding costs −$35 a day on $10k at the current rate, and MEXC is 0.032% cheaper against BingX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.040%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.007% in total (about -0.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.87 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX KITE-USDT | 0.1198 | 0.1274 | pay 0.0637% / 4h | 2h 29m | — | $6.5M | — |
| Short | MEXC KITE_USDT | 0.1199 | 0.0100 | get 0.0050% / 4h | 2h 29m | $746K | $309K | 50x |
BingX KITE-USDT
MEXC KITE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$246.54
- Price spread: +0.008% → +0.040%
- −$3.21
- Slippage, 4 orders
- −$73.24
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 4 bp × 2 orders
- −$8
- Net
- −$340.99
- Costs to cover
- 0.912%
- Break-even
- never at this rate
Slippage from BingX: live order book, 1 min ago; MEXC: live order book, 31 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy BingX live order book, 1 min ago | 5.85 bp | 27.8 bp −$28 | 62.4 bp −$624 | 714.4 bp −$71.4K | doesn't fit |
| Sell MEXC live order book, 31 min ago | 2.08 bp | 14.6 bp −$15 | 66.6 bp −$666 | 229.3 bp −$22.9K | 624.5 bp −$312.2K |
KITE on 12 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX KITE-USDT-SWAP | +0.0100% | 4h | 0.1196 | −0.225% | $1.0M | $329K | 10x | as long as short |
| MEXC KITE_USDTshort | +0.0100% | 4h | 0.1199 | +0.008% | $746K | $309K | 50x | |
| KuCoin KITEUSDTM | +0.0100% | 4h | 0.1196 | −0.200% | $411K | $61K | 10x | as long as short |
| Bitget KITEUSDT | +0.0100% | 4h | 0.1198 | −0.042% | $2.6M | $476K | 10x | as long as short |
| Variational Omni KITE | +0.0100% | 4h | 0.1197 | −0.132% | $10K | $13K | — | as long as short |
| SunX KITE-USDT | +0.0100% | 4h | 0.1196 | −0.200% | $1K | $1.3M | 20x | as long as short |
| Binance KITEUSDT | +0.0103% | 4h | 0.1199 | +0.017% | $20.0M | $6.0M | 10x | as long as short |
| Extended KITE-USD | +0.0104% | 1h | 0.1198 | −0.008% | $16K | $90K | 10x | as long as short |
| Gate KITE_USDT | +0.0290% | 4h | 0.1198 | −0.025% | $539K | $241K | 25x | as long as short |
| Aster KITEUSDT | +0.0531% | 4h | 0.1197 | −0.100% | $8.3M | $102K | 5x | as long as short |
OKX KITE-USDT-SWAP
KuCoin KITEUSDTM
Bitget KITEUSDT
Variational Omni KITE
SunX KITE-USDT
Binance KITEUSDT
Extended KITE-USD
Gate KITE_USDT
Aster KITEUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX KITE-USDTlong | +0.1274% | 4h | 0.1198 | long leg | — | $6.5M | — | |
| Bybit KITEUSDT | +0.1341% | 4h | 0.1199 | +0.017% | $1.3M | $2.7M | 25x | as long as short |
Bybit KITEUSDT